DOVER — Nickolas Skaltsis will be served by the state with final default and permanent injunction, which will forever keep him from engaging in securities fraud, unlicensed activity and unregistered securities.

Skaltsis was first served by the state’s Bureau of Securities with injunctive relief in January and then preliminary injunction in February. These motions gave him an opportunity to defend himself. After 90 days and no acknowledgment from Skaltsis of the actions filed against him in his administrative civil case, the bureau filed a final default. That means he has no more time to attempt to address the cases against him, and he is now permanently banned from engaging in these activities.

The injunctive relief filed on Jan. 23 came just one day before Skaltsis was charged with 19 felony counts of operating a Ponzi scheme.

While Skaltsis is facing a criminal case with the Attorney General’s Office for the felony counts, the Secretary of State’s Bureau of Securities is also continuing to follow Skaltsis’ money trail in its administrative case. They are currently working to discover where the money is that local residents invested with Skaltsis from 2010 to 2012. Skaltsis raised $327,500 from people who expected their money to be acquired, rehabilitated and managed in real estate in Strafford County.

The bureau released a report in January that said Skaltsis’ total debts, between prior investments, secured deals, personal loans, partnership deals, a defaulted mortgage and the judgment against him brings his total debts to more than $1.2 million.

Skaltsis’ wife, Lorraine, is currently in bankruptcy court, owing nearly $2 million in liabilities.

Eric Forcier, of the Secretary of State’s Bureau of Securities office, said that when Skaltsis was ordered the injunctive relief, he was also given a temporary restraining order in January, restraining him and Liberty Realty Trust from converting, sequestering, transferring, selling or suffering the loss of any assets.

The preliminary injunction against Skaltsis and Liberty Realty Trust filed on Feb. 1 by the state also enjoined Skaltsis’ wife, Lorraine, his daughter and son-in-law, Nicole and Roberto Bosco, the Boscos’ business, Tobias Investments, LLC, and Skaltsis’ real estate management company, Phoenix Asset Group, Inc., from “converting, sequestering, transferring, selling or suffering the loss of any assets that are reasonable traceable to assets received from (Skaltsis and Liberty Realty Trust).”

Based on an audio recording Foster’s obtained from the court, Forcier said at a hearing on Feb. 1 that this request was filed so the bureau could continue its investigation into the bank accounts of Skaltsis.

Before the motion was filed on Tuesday, a brief structuring conference between the state and the Boscos’ attorneys, representing them and their company, was held at Strafford County Superior Court.

Tobias Investments, LLC’s attorney, David Azarian, called Tuesday’s structuring conference a status conference, and said it was made in respect to the petition for injunctive relief originally filed in January.

Azarian said Tobias is a trustee respondent in the case, and that there are no allegations about any participation in the Ponzi scheme that Skaltsis has been charged with operating. Azarian said the bureau is simply investigating whether any assets were traceable to Skaltsis, Phoenix Asset Group, Inc. or Liberty Realty Trust or received by Tobias Investments, LLC. during the time frame of the scheme.

“We filed an answer that we don’t have, never had, and continue to not have any (involvement),” Azarian said, adding that any acquisitions Skaltsis made with Tobias were made before the time frame of the investment scheme.

Tuesday’s conference advised the court of the status of both parties. Although unscheduled at this time, both the bureau, Azarian and Howard Gross, the attorney for the Boscos, said they would be prepared to have a hearing in July on the injunction.